Israeli Accountants Earn One-Fifth of American Peers’ Salaries

YERUSHALAYIM (Hamodia Staff) -

Any accountant who emigrates to Israel from the U.S. or Europe must be an idealist, certainly not doing it for the money.

Accountants working in Israel earn a fraction of what their counterparts earn abroad, according to Globes on Thursday.

Fees in Germany, Switzerland, and the UK can be double what they are in Israel.

For example, when Strauss Group hires an accountant in Switzerland, it pays an average of NIS 900 per hour. In the UK, it the fee is NIS 447 and in Russia it’s NIS 415. But in Israel it pays just NIS 230 per hour, which is comparable to what it pays in Romania (NIS 232), Serbia (NIS 263), and in Poland (NIS 277).

Similarly, Delek Group pays its U.S. accountant NIS 1,158 per hour, and its accountants in the UK and the Netherlands NIS 650 per hour, but in Israel, it’s only NIS 244 per hour. Africa-Israel Investments and Alrov (Israel) also were found to pay much more for accountancy abroad than in Israel.